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Microsoft seen as possible Twitter suitor: Source

Microsoft Chief Executive Satya Nadella speaks at a shareholders' meeting in Bellevue, Washington.
Jason Redmond | Reuters

Twitter, which is said to be entertaining buyout bids, may also have Microsoft as a potential suitor, a source told CNBC on Monday.

CNBC's David Faber reported on "Closing Bell" that the social media giant is moving closer to a formal sale process for the company, according to sources familiar with the situation. However, he said, that does not mean it is in that formal process yet.

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Twitter potential sale seen accelerating: Sources

According to sources familiar with the matter, Facebook is unlikely to have interest in buying the social network. Moves toward a possible sale are expected to accelerate in the coming days, sources tell CNBC, with a deal potentially happening within the next 30-45 days.

On Monday, a report in Bloomberg said Walt Disney was also among those interested in Twitter.

Facebook and Microsoft declined to comment.

CNBC's David Faber contributed to this report.